Azerbaijan: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Azerbaijan

The Azerbaijani market for plastic plates, sheets, film, foil and strip was estimated at $X in 2021, growing by 7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Azerbaijan

In 2021, the amount of plastic plates, sheets, film, foil and strip exported from Azerbaijan surged to X tons, rising by 27% against the previous year. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 551%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 548%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Georgia (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Azerbaijan, with a 59% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to Georgia exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia amounted to +82.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+106.7% per year) and Russia (+16.0% per year).

In value terms, Georgia ($X) emerged as the key foreign market for plastic plates, sheets, film, foil and strip exports from Azerbaijan, comprising 60% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia amounted to +78.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+105.7% per year) and Russia (+16.6% per year).

Export Prices by Country

In 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, rising by 13% against the previous year. Overall, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Azerbaijan

In 2021, overseas purchases of plastic plates, sheets, film, foil and strip decreased by -0.9% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 55% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastic plates, sheets, film, foil and strip rose remarkably to $X in 2021. In general, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 78%. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Iran (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Azerbaijan, with a combined 65% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +34.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic plate, sheet, film, foil and strip suppliers to Azerbaijan were Turkey ($X), Russia ($X) and Iran ($X), with a combined 56% share of total imports.

In terms of the main suppliers, Iran, with a CAGR of +32.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, increasing by 13% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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